Local News

Tuesday, June 10, 2014

WASHINGTON -- The restaurant industry continued to register robust job growth in May as the economy surpassed its pre-recession employment peak, the National Restaurant Association says. Restaurant operators' outlook for hiring staff rose to its highest level in two years. Bruce Grindy, chief economist at the association, says these trends are welcome news. "The economy continued to move in a positive direction in May, according to the latest employment report from the Bureau of Labor Statistics," he said in a prepared statement. "Restaurant employment gains remained...

Tuesday, June 10, 2014

HARRISBURG, Pa. -- The Pennsylvania Housing Finance Agency has issued a request for proposals for projects to improve the availability and affordability of housing in the Marcellus shale region of the commonwealth. Eligible applicants include Pennsylvania counties that have adopted ordinances authorizing the imposition of an impact fee and have unconventional gas wells. Deadline for submission is Aug. 15. The funding to address housing needs comes from Marcellus shale impact fees, which are directed to, and administered from, the Pennsylvania Housing Affordability...

Monday, June 9, 2014

Author:  Dan O'Brien AUSTINTOWN, Ohio -- A host of familiar names posted on trailers, equipment and trucks punctuate the sprawling 190-acre construction site where Penn National Gaming Inc. is building its $125 million Hollywood Gaming at Mahoning Valley Race Course complex. Valley Electrical Consolidated of Girard, City Concrete of Youngstown, Kirila Contractors of Brookfield and Mike Coates Construction of Niles are among the 30 or so subcontractors at the site in Austintown working at a rapid clip to finish the race track,...

Monday, June 9, 2014

YOUNGSTOWN, Ohio – Eric Ryan and his staff “can’t quit smiling,” he says, knowing that come Aug. 24 at 8 p.m. a sold-out Covelli Centre will erupt into cheers when British pop/rock singer and songwriter Rod Stewart takes the stage. The arena announced Stewart’s upcoming performance this morning, touting the event as the biggest summer concert in the history of the city-owned venue. “We can’t take the smiles off our faces. If Rod Stewart in a 6,000 seat arena doesn't excite you, than I don't know what does if you're working in our industry,” says Ryan, executive...

Monday, June 9, 2014

Author:  Dennis LaRue YOUNGSTOWN, Ohio -- Lending to the transportation, hospitality, senior-care and steel-service sectors has grown fastest of late, say commercial lenders at banks that serve the Mahoning and Shenango valleys, a trend attributable in large measure to the drilling for oil and gas. “Last year was the best year ever for our bank,” says Dennis Linville, senior vice president in the Cortland office of the Middlefield Banking Co. Middlefield recorded net income of better than $7 million, up from $6.28 million in 2012....

Monday, June 9, 2014

WASHINGTON -- The National Association for Business Economics is more optimistic about the growth of the economy the remainder of 2014 than it was in March. The association foresees 3.1% growth next quarter and 3.2% growth the last quarter. In the latest NABE outlook, released today, 47 professional economists “expect stronger economic growth for the balance of this year than they did three months ago,” said Jack Kleinheinz, president of the association and chief economist of the National Retail Federation. The survey was conducted between May 8 and 21. The consensus...

Monday, June 9, 2014

Author:  George Nelson YOUNGSTOWN, Ohio -- No one bid on 20 Federal Place despite the city soliciting offers for the former six-story department store converted to offices. The city had set a minimum $2 million bid for the building. It acquired the property -- once Strouss’ department store redeveloped as the headquarters for the defunct Phar-Mor Inc. -- in 2005. The sole correspondence submitted before Friday’s noon deadline was a request from Greg Ouimet, vice president of VXI Global Solutions LLC, requesting a 60-day extension “to...

Monday, June 9, 2014

YOUNGSTOWN, Ohio -- Simon Roofing has named Allison Vross director of sales of its surfaces division. She is a member of the fourth generation of the family who own Simon Roofing, founded in 1900. Simon Surfaces has 64 service centers in all major metropolitan areas of the United States. In her position, Vross is responsible for sales growth and development by promoting Simon Surfaces’ product lines: concrete repair, rebuilding gas islands, waterproofing and resurfacing concrete floors. Vross, who earned a baccalaureate in business administration at Duquesne...

Monday, June 9, 2014

CHICAGO -- The recovery of jobs lost during the Great Recession has put two large sections of the labor force in the spotlight: workers at the end of their careers and young adults just starting out, says the CEO of CareerBuilder, Matt Ferguson. It is a pattern visible in the Youngstown-Warren-Boardman area too. Baby boomers today hold a larger percentage of jobs in science, technology, engineering and mathematics and other occupations than before the recession while millennials have generally struggled to make catch up after four years of recovery, Ferguson writes...

Saturday, June 7, 2014

Author:  Dan O'Brien WARREN, Ohio – Over the last two years, Wheatland Tube has invested more than $21 million into its plant here to capitalize on the growing demand for oil country tubular goods, or OCTG, pipe in the Marcellus and Utica shale plays. But despite a skilled and efficient workforce, a highly automated production operation, and a healthy oil and gas market, companies such as Wheatland are finding it difficult to do business in the face of what they claim are high level of imported OCTG pipe from South Korea. "They're...

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